Ahead of Budget 2018

Budget 2018 analysis : What to watch out for today

Full Budget 2018 analysis

NEW DELHI: Arun Jaitley Finance Minister of India will presenting the Union Budget 2018 at 11:00 am today, this Budget will be last full-year Budget before the 2019 elections.

Before that elections are due in eight states this year and the budget is expected to mainly focus on farmers, the rural poor and small industrial businesses.

Points to Watch out

  1. Arun Jaitley has already pointed it that the agriculture sector will be the top priority for the government in this year’s budget 2018.
  2. Investors expecting some spending to support an economy that’s expected to post its weakest growth in Last four years in BJP Government.
  3. The government is expected to stay on course with its focus on Development of highways and modernising the railway Stations.

Budget 2018 analysis Here ……

Live Budget Streaming


8:45A.M. (IST)

  • Read the Budget as a political document, says Jayant Sinha

| Need to look at it as a political document & not as an economic document, Says @JayantSinha pic.twitter.com/AiUMCy7AGb

8:51 A.M.(IST)

  • Finance minister arrives at North BlockWith just over two hours remaining for his Budget speech, Union Finance Minister Arun Jaitley has reached the Ministry of Finance located in the North Block of the Central Secretariat.

9:45A.M.(IST)

  • GST Aspects From Budget: Meanwhile, business in sweet shops have been normal, with 5% GST on the sweet products, and the sellers hoped there is no increase in the upcoming budget revision.

10:00A.M.(IST)

  • Full Budget 2018 analysis: GST revision aspects from retailers

     GST has emerged as the main concern of retailers, who wants a relaxation in the tax rates over various product categories.

10:30A.M.(IST)

  • Prashant Bhushan tweets: BJP’s budget dilemma: A populist budget, with elections approaching, or to keep the crony corporates happy who have funded it’s extravagant election & advertising campaigns?

10:40A.M.(IST)

  • The final meeting of Arun Jaitley’s  with President Before Budget 2018.

Budget 2018 analysis

 

11:15A.M.(IST)

  • Arun Jaitley Budget 2018 speech

    Finance Minister says indirect tax structure has been simplified with GST rollout.

    Live For Live Stream

    New India Budget has in store for agriculture and rural economy
11:26A.M.(IST)
  • Cultivation of horticulture crops in clusters can boost production and marketing: Jaitley

    Agri-market Development Fund with a corpus of Rs 20 billion to be set up for developing agricultural markets: FM Arun Jaitley.

     

11:29A.M. (IST)

  • Rs 1,290 cr for National Bamboo Mission: FM Arun Jaitley.
  • Removal of crop residue to be subsidized in order to tackle the problem of pollution due to burning of crop residue: FM Arun Jaitley

11:31A.M. (IST)

  • 6 crore toilets have been built so far under the Swachh Bharat campaign. The target for the next financial year is to build another 2 crore toilets: FM Arun Jaitley
  • FM Added Extension of Kisan credit card to fisheries and animal husbandry farmers

11:35A.M. (IST)

  • Finance Minister says allocate Rs 2,600 underground water irrigation plan in 96 districts.

11:42A.M.(IST)

  • Another winner from ‘poll’ vault: 80 million poor families to be given free gas connection under Ujjwala scheme.
  • ‘Ekalavya’ school“Govt to launch ‘Revitalising Infrastructure and Systems in Education by 2022. By 2022, every block with more than 50% ST population and at least 20,000 tribal people will have ‘Ekalavya’ school at par with Navodaya Vidayalas,” says Jaitley
  • 500 mn beneficiaries of govt health care scheme: FM Arun Jaitley

11:48A.M.(IST)

  • Budget 2018-19: Focus on agriculture, minimum support price(MSP)  to be 1.5 times of costFinance Minister Arun Jaitley on Thursday announced that the MSP for all agriculture produce would be fixed at a level to ensure the farmer a minimum return of one and a half times over the production cost.Presenting the Budget for the next fiscal, Jaitley said this measure would go a long way to realise the government’s goal of doubling farmers’ income by 2022.
  • 8 crore poor women will get the free gas connection
  • Rural Electrification FY19 will be of Rs 16,000 crore

Budget 2018 analysis

11:49A.M.(ISD)

  • New govt medical colleges coming up

“24 new government medical colleges and hospitals to be set up by upgrading existing district hospitals,” announces Finance Minister.

11:57A.M.(ISD)

  • Ayushman Bharat Programme for TB patients“It’s a move towards universal health coverage. Allocation Of Rs 600 crore for nutritional support to all tuberculosis patients,” says Jaitley.
  • FM Jaitley also added women employees’ contribution to EPF to be reduced to 8% from 10% for the first 3 years.

12.02P.M(ISD)

  •  Allocate Rs 7,148 cr to textile sector; need investment of Rs 50 lakh cr for infra sector: FM Arun Jaitley

12:06P.M(ISD)

  • Operations at 16 airports have started under regional connectivity scheme UDAAN.: Arun Jaitley
  • FM says allocate Rs 1.38 lakh cr in FY19 Vs Rs 1.22 lk cr in FY18 for govt health and education programmes.

12:14P.M.(ISD)

  • Increasing safety in the rail network “Focus will be on safety, maintenance of railway tracks, increase in use of technology and fog safety devices. to eliminate 4,267 unmanned rail crossings at broad gauge network,” says FM.
  • After Aadhaar, a unique identity for every business, Added by  Arun Jaitley
  • The finance minister proposes two defence industrial corridors in the country to promote domestic production in both public and private sectors.

12:18P.M (ISD)

  • Will take all steps to eliminate the use of Cryptocurrencies, will encourage Blockchain technology in payment systems: Jaitley
  • Emoluments of the president to be revised to Rs 5 lakh, Rs 4 lakh for the vice president and Rs 3.5 lakh for governors: FM Arun Jaitley

12:25P.M.(ISD)

  • Revised Fiscal deficit FY18 at Rs 5.95 lakh cr, or 3.5% of GDP. Committed to 3% fiscal deficit in FY19: FM Jaitley
  • FM Jaitley also Added personal tax buoyancy has improved significantly.

12:35P.M(ISD)

  • FM says Rs 90,000 cr extra collected as personal Income Tax in last 1 year. will continue with tax policies that reward honest tax payers.

12:38P.M(ISD)

  • Exemptions for senior citizensFor senior citizens, exemption of interest income on bank deposits raised to Rs 50,000, says FM
  • Tax rateJAITLEY PROPOSED TO CUT CORPORATE TAX TO 25% FOR FIRMS UPTO RS 250 CRORE ANNUAL TURNOVER. TAX RATE UNCHANGED FOR INDIVIDUALS.
  • Standard deduction of Rs 40,000 for salaried taxpayers, Added Arun Jaitley.
  • Indian economy now a $2.5 trillion economy: Jaitley
  • MSP of kharif crops to be 1.5 times of cost of produce: FM
  • Fisheries and Aquaculture fund and Animal Husbandry fund for infrastructure; Rs 100 bn allocated
  • Allocation in food processing sector will be doubled from Rs 7.1 bn in FY18 to Rs 14 bn in FY19

12:42P.M(ISD)

  • Standard Deduction Of Rs 40,000 For Salaried Employees In Lieu Of Transport, Medical Expens

GST Updates in Budget 2018

  • Customs duties hiked on mobiles to 20 precent from 15 per cent; on TVs to 15 prevent to boost domestic manufacturing.

1:00P.M.(ISD)

  • No change in the existing Securities Transaction Tax’ says Finance Secretary Hasmukh Adhia

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Comments

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